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Thyssenkrupp to Cut Admin Jobs to Cut Cost of EUR 2 billion-2020 China(Guangzhou)Int’l Metal & Metallurgy
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10/9/2019 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo- |
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Reuters quoted two people familiar with the matter as saying that thyssenkrupp is slashing some administrative jobs to cut down on the more than 2 billion euros of costs it incurs in that field each year. The sources said that a majority of the 300 administrative roles at Thyssenkrupp’s car parts and plant engineering divisions will be cut. New Chief Executive ms Martina Merz will discuss the leaner set-up at a meeting with top-level managers on Tuesday where she will present more details of a previously announced strategy to simplify the group.
Thyssenkrupp announced in May a major strategic shift, pursuing a full or partial sale of its elevator unit and seeking buyers for its struggling plant engineering, car parts and shipbuilding divisions.
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